SWIFT/BIC code TWOSITM1TOS
TWOSITM1TOS belongs to Sgss SPA in Milano, Italy.
Code details
| SWIFT/BIC code | TWOSITM1TOS |
|---|---|
| 8-character code | TWOSITM1 |
| Branch code | TOS |
| Bank | Sgss SPA |
| Branch | Sgss - T2s Party - Tos |
| City | Milano |
| Country | Italy |
How the Sgss SPA SWIFT/BIC works
A SWIFT/BIC code has 8 or 11 characters. Each part has a fixed meaning:
- TWOS Bank code
- 4 letters that identify the bank.
- IT Country code
- 2 letters for the country (ISO 3166).
- M1 Location code
- 2 characters for the city or region of the head office.
- TOS Branch code
- 3 characters for a specific branch. XXX means the head office.
Check before you send
- Ask the recipient which bank and branch the account is held at.
- Use the head office code (XXX) when no branch is specified.
- Make sure the country in the code matches the country of the account.
Frequently asked questions
Which branch uses SWIFT code TWOSITM1TOS?
TWOSITM1TOS is the SWIFT/BIC code of Sgss - T2s Party - Tos, part of Sgss SPA in Milano, Italy. Use this branch code only when the recipient or their bank explicitly asks for it.
What happens if I use TWOSITM1TOS incorrectly?
The payment may be delayed, returned or charged extra fees. Always check TWOSITM1TOS against the details from Sgss SPA before sending.
What do the letters in TWOSITM1TOS mean?
TWOS is the bank code of Sgss SPA, IT is the ISO code of Italy, M1 is the location code and TOS is the code of the branch Sgss - T2s Party - Tos.
What is the best way to send money to Sgss SPA?
Many banks add several percent to the exchange rate on top of a fee. Compare the amount that arrives in Euro with transfer services before you send – the difference can be large.
How long does it take to send money to Sgss SPA in Italy?
SEPA payments in euros normally arrive the next business day, instant payments within seconds. Transfers in other currencies can take 2–4 business days.
Do I need TWOSITM1TOS for a euro transfer to Italy?
Italy belongs to the SEPA area. When you send euros the IBAN normally suffices and many banks fill in the BIC automatically. For other currencies you do need TWOSITM1TOS.
Source: listbase-org SWIFT/BIC database (MIT licence), updated monthly. Always verify the code with the recipient or their bank.